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PHILADELPHIA - Urban Outfitters, Inc. (NASDAQ:URBN) reported better-than-expected first quarter earnings and revenue, sending shares up 5.4% in after-hours trading.
The lifestyle products retailer posted adjusted earnings per share of $1.16 for the quarter ended April 30, 2025, surpassing analyst estimates of $0.83. Revenue rose 10.7% YoY to $1.33 billion, also beating the consensus forecast of $1.29 billion.
Total (EPA:TTEF) Retail segment net sales increased 6.4%, with comparable Retail segment net sales up 4.8%. The Anthropologie brand led with 6.9% comparable sales growth, followed by Free People at 3.1% and Urban Outfitters at 2.1%.
"We are excited to announce record first quarter revenues and profits," said CEO Richard A. Hayne. "Our success was driven by positive sales growth and improved profitability across all brands and segments."
The company’s gross profit rate increased by 278 basis points to 36.8%, benefiting from improved markdowns and leverage in delivery and occupancy costs.
Inventory levels rose 14.6% YoY to $663.8 million, which the company attributed to increased sales and early receipts.
Urban Outfitters repurchased 3.3 million shares for approximately $152 million during the quarter. As of April 30, 14.7 million shares remained under the company’s repurchase program.
The retailer opened 13 new stores and closed 2 locations in the quarter, ending with 751 stores across its brands globally.
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